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16.You want to endow a scholarship at UIC that will pay $10,000 every year forever, starting from exactly one year from now. Suppose the university

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16.You want to endow a scholarship at UIC that will pay $10,000 every year forever, starting from exactly one year from now. Suppose the university obtains a 5% return on its investments. How much do you need to donate now for the endowment? (You will not make any future donations for the scholarship). ( 2 points) 17. How would your answer to Question 16 change if the scholarship increases by 2.5% each year? (The first scholarship is still $10,000 and made in one year. The second scholarship is $10,0001.025, and the payments grow forever) ( 2 points)

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